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. >> bill, that's something john thain said, the head of cit. he said one thing he's constantly hearing from small businesses is that they're getting stuck with the ordinary income tax rate. it's choking them. >> chris, i'll give you the last word quickly. >> romney's moving in the right direction. he should focus on simplification. the simplest thing to do would be on the corporate side to slash the corporate rate. we got a 35% rate. canada's at 15. this is crazy. we need to just cut those rates and grow the economy. >> gentlemen, thank you both. >> thank you. >> see you later. by the way, taxes are sure to be a big part of tonight's first presidential debate between governor romney and president obama. you can catch the entire debate right here co-hosted by maria and carl kwint knee ya. begins at 8:00 p.m. eastern time. >> meanwhile, we're in the final stretch for the day ahead of the debate. we have the market mixed here. >> another trading snafu. nasdaq cancelling some kraft food group trades after a potential transaction error caused that s
. >> bill, that's something john thain said, the head of cit. he said one thing he's constantly hearing from small businesses is that they're getting stuck with the ordinary income tax rate. it's choking them. >> chris, i'll give you the last word quickly. >> romney's moving in the right direction. he should focus on simplification. the simplest thing to do would be on the corporate side to slash the corporate rate. we got a 35% rate. canada's at 15. this is crazy. we need to...
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you're also sitting on the board of cisco and ceo john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softe
you're also sitting on the board of cisco and ceo john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest...
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governor john k. sec who took over as governor and unemployment was 9% at the height of the financial crisis. today 7.2%. today is fourth. how does he keep the picture improving? the term rock-and-roll hall of fame created here. we will be live all day tomorrow at the rock-and-roll hall of fame. the ceo on the unbelievable economic impact. $100 million come through the rock hall of fame. one of the top tourist attractions in the united states. we have a big surprise announcement from the rock hall of fame tomorrow. don't miss that. on friday the ceo on real-estate. we have got the warren buffett focus who turned his investment on cleveland. a rare interview with the chairman, president and ceo who does not do a lot of interviews. he started in in 1973 as a student employee and he has risen to be the ceo. that is the great american great cleveland story. we have mayor frank jackson and president mark shapiro, this is a great story in cleveland. ashley: got to let you get back to jimmy page. liz claman
governor john k. sec who took over as governor and unemployment was 9% at the height of the financial crisis. today 7.2%. today is fourth. how does he keep the picture improving? the term rock-and-roll hall of fame created here. we will be live all day tomorrow at the rock-and-roll hall of fame. the ceo on the unbelievable economic impact. $100 million come through the rock hall of fame. one of the top tourist attractions in the united states. we have a big surprise announcement from the rock...
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Oct 4, 2012
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thank you so much, john. he runs the world's largest, in terms of assets manager, at more than $3.5 trillion. he currently oversees more money than the federal reserve. joining me now is larry fink. good to see you. >> hi, marimaria. how are you? >> good. thank you for joining us. you have been on this campaign for a while to try to explain to people that you're losing money when you have money in fixed income. take money out of there and put it into equities. yet, we're seeing outflows. >> in equitieequities. >> yeah. >> i should be clear, you're not losing money if you're in fixed income that has higher yields. if you're earning 60 basis points after inflation and you're losing money. so what we believe people have to start focusing on, and i believe it's a crisis, that if you don't start putting money away that's earning more than 60 basis points but earning closer to 5, 6%, you're going to have a hard time meeting your needs when you retire. so if you're a 35-year-old person with a desire to retire at 65,
thank you so much, john. he runs the world's largest, in terms of assets manager, at more than $3.5 trillion. he currently oversees more money than the federal reserve. joining me now is larry fink. good to see you. >> hi, marimaria. how are you? >> good. thank you for joining us. you have been on this campaign for a while to try to explain to people that you're losing money when you have money in fixed income. take money out of there and put it into equities. yet, we're seeing...
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remember when the pr guy who works for the fed, john -- also part of the "wall street journal", when he said there was a new easing, the market was up 15% from then until a day after the fed eased. we still have not topped the day after the fed eased closing price, and, look, today is october 1, first day of a quarter, what happens the first day of a quarter? new money comes in the market. if the market -- i don't know what it's doing now, but if it can't hold up, if the s&p and nasdaq can't hold up on the fair day of the quarter, we're heading lower. ashley: dan, do you disagree? >> one word i want to focus on in the fed statement, and that word was " indefinitely," and when you think about the easing compared to prior ones, they are open minded and very fearful about the fragility of the recovery while, you know, gdp is obviously an average of a lot of different things. corporate profits remain somewhat solid, though i think, you know, they could be fading a little bit, but there's also the amount of money that's been invested by corporations in productivity enhancements. i mean, i
remember when the pr guy who works for the fed, john -- also part of the "wall street journal", when he said there was a new easing, the market was up 15% from then until a day after the fed eased. we still have not topped the day after the fed eased closing price, and, look, today is october 1, first day of a quarter, what happens the first day of a quarter? new money comes in the market. if the market -- i don't know what it's doing now, but if it can't hold up, if the s&p and...
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charlie: one name that made the list that is not on the list is john thain. specifically, because they do not want to redo the white house bathroom. liz: on the shareholders time. speaking it is pretty controversial. liz: pretty? middle america would go crazy speaking i am trying to be somewhat nice after i just torched the guy. he is controversial. his name on the list, unless everything else falls apart or cit caught when he is managing right now, turned tremendous profits, that is not a serious candidate. warsh is a serious candidate. he is making a big push to be at the top of the list. liz: any word on who would be the labor secretary? charlie: it is piped and all that. liz: is that a term? fifteen piped in from the white house. liz: oh. do you believe that? charlie: i think people like that make interesting arguments. their argument show that this is not a number we should be paying attention to. this is not the unemployment rate. there are other measures that are better. the other better measure which is people dropping out, that is still really bad. l
charlie: one name that made the list that is not on the list is john thain. specifically, because they do not want to redo the white house bathroom. liz: on the shareholders time. speaking it is pretty controversial. liz: pretty? middle america would go crazy speaking i am trying to be somewhat nice after i just torched the guy. he is controversial. his name on the list, unless everything else falls apart or cit caught when he is managing right now, turned tremendous profits, that is not a...
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of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and low-income workers. president obama will press him on that. by the same token, p obama says he wants to cut the corporate rate from 35 to 28. he hasn't specified how he's going to pay for that. on jobs, you can expect to hear mitt
of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to...
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. >> plus, arizona senator and former republican candidate john mccain saying this on cnbc earlier today. >> i question exactly what those numbers are. our discussion about the w.a.r.n. act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary elaine chow. thanks very much for joining us. you were the labor secretary. you had the national butreau of labor statistics under you. what do you think about this possibility of a conspiracy? >> when i was at the department of labor, i think the bureau of labor statistics was very professional. they did a very good job. i don't know what's happening now. i can't speak to that. but the fact that this administration has delayed the issuance of these legally mandated layoff notices is astounding. that has never happened before. under the law, any employer, including the government, is supposed to notify the workers 60 d
. >> plus, arizona senator and former republican candidate john mccain saying this on cnbc earlier today. >> i question exactly what those numbers are. our discussion about the w.a.r.n. act that just took place where they're in blatant violation of the law. i wouldn't put anything past this administration. >> by the way, the w.a.r.n. act he refers to requires businesses to tell employees about potential layoffs 60 days in advance. here with reangction, former lar secretary...